U.K. Homebuilders Likely to Seek Deals, Redfern Says

U.K. homebuilders are more likely to acquire smaller competitors as the industry’s finances improve and companies seek better land, Taylor Wimpey Plc Chief Executive Officer Peter Redfern said.

“Because performance is good and the sector is stable and balance sheets are strong, it’s feasible for M&A to happen,” Redfern said in an interview today. “It’s more likely than a year ago or two years ago, inevitably, because the market is more solid, balance sheets are better.”